Investments into real estate of Antalya. Benefits
If we talk about real estate in Antalya, more specifically about benefits of its purchase, it should be noted that there are some important advantages:
1. The low cost of real estate in beautiful, well-planned areas. Here it is possible to buy real estate in Antalya, for example smart apartments, and the cost of one square metre will be around €500-1300.
2. Good rent profitability (6-9%) for apartments. Today some realtor and construction companies can guarantee the income from rent practically on all real estate objects (including our RestProperty real estate agency). Undoubtedly, rent profitability is higher in Turkey, than in the majority of the capitals of Europe.
3. Low taxes, it also concerns tax on a capital gain. After use of real estate within 5 years you shouldn't pay a profit tax. Income taxes are reasonable also.
4. Rapid economic growth in Turkey. The banking system of the country is today in an excellent form. Level of a public debt and financial deficiency are low. Tourism is quickly developing. Interest rates for a mortgage constantly decrease, and the prices of real estate tend to increase.
5. Interest rates fall.
6. Fast increase in population. It should be noted that the population constantly grows in Turkey, especially in resorts – for example, in Antalia. And, as we know, the increase in population always provokes increasing shortage of available housing stock that is a perspective factor for competent investments into real estate of Turkey.
Author: RestProperty
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Published: 07.05.2012
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